Entegris, Inc. (NASDAQ:ENTG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Entegris, Inc. (NASDAQ:ENTG) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $135.40.

ENTG has been the subject of several research reports. UBS Group decreased their price target on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets decreased their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp cut their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Craig Hallum lowered their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Hedge Funds Weigh In On Entegris

Several large investors have recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of Entegris in the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in Entegris in the second quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Entegris during the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its stake in Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 239 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Entegris by 241.8% during the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the period.

Entegris Trading Up 0.6 %

NASDAQ:ENTG opened at $102.85 on Wednesday. The company has a market cap of $15.53 billion, a PE ratio of 68.11, a P/E/G ratio of 1.80 and a beta of 1.24. The business’s 50 day moving average is $104.88 and its two-hundred day moving average is $114.82. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.24%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. On average, analysts predict that Entegris will post 2.99 EPS for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Entegris’s payout ratio is 26.49%.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).